Khaitan & Co senior associate Anuj Sah advised Tata Capital in its second Rs 37 crores ($7m) round of financing in Chennai-based rural-ATM manufacturer Vortex Engineering, which was advised by start-up law firm Vichar Partners, also based in Chennai.

M&A

AZB & Partners partner Gautam Saha along with senior associate Amrita Patnaik advised India’s largest pure-play managed IT-hosting company Netmagic and its promoters on all corporate, M&A and regulatory issues concerning the sale of over Rs 650 crore worth of equity shares, making up 74 per cent of total equity, to Japanese company NTT which was advised by J Sagar Associates (JSA) Mumbai partner Verghese Thomas.